Property Valuation
An NJ appraiser preparing a market value opinion for a proposed new residential subdivision would conduct which type of study?
AA retroactive appraisal only
BA prospective market value analysis based on projected completion date and projected market conditions✓ Correct
CA tax appeal only
DA land rent study
Explanation
For proposed projects, appraisers prepare prospective appraisals that estimate value 'as of' the projected completion date, using projected market conditions and absorption rates, as required by USPAP.
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